Blog of the Credit Management and cash collection
Over USD 60 million of invoices paid through My DSO Manager!
Six months after the launch of the innovative debt collection software, USD 69 million have already been paid through recovery actions performed in the tool!
Over 7000 emails and interactive emails, 3000 letters, 1500 calls performed at the right time ... etc, optimal monitoring of claims and litigation, as well as a real-time evaluation of performance allow to achieve the best results through My DSO Manager. Our users like: the ease of...01-19-2016
In 2016, take the destiny of your business in your hands!
Will you apply credit management principles for ensuring the prosperity and sustainability of your business?
We wish you All the Best for 2016!!! Hope it is the year in which each company will implement credit management methods and tools for well being paid by their customers. Getting paid quickly and well, depends on many factors (commercial negotiations, quality, economic climate for the seller...01-09-2016
Use online tools for free for 30 days!
The 10 online tools of debt collection and credit management can now be used free for 30 days with no obligation to create an account.
Take advantage now of online tools of Credit Management tools: DSO calculation with count back method reporting DSO (requires to create an account) Late payment penalties calculation Invoices due dates calculation based on most of existing payment terms ...12-09-2015
Improvement of the late payment penalties calculator
New functionalities have been added to calculate the late payment penalties according to the payment date for each invoice or current date.
The new version of the calculator complete the features of the first tool. It calculates the amount of delay penalties according to the due date of each invoice and the payment date if it is filled or the current date if it is not. The tool also includes fixed collection fee compensation of...10-05-2015
When using a debt collection software has never been easier
My DSO Manager is revolutionising the use of debt collection software, now available for all sizes of business
Excel is often a close friend of the cash collector. Probably too much! To be so close, you do end up seeing only the defects of your partner, even if it is a spreadsheet on your computer. Indeed, even for an expert pivot tables and macros and other functions, Excel is very limited to manage his...10-04-2015
What are the payment behaviors of companies in Morocco?
Coface has published a very interesting study on the payment behavior of companies in Morocco. Here is a synthesis and an analysis
The evolution of late payments is a good indicator of the health of an economy. While the payment terms used depend on cultural and legislative, an increase of payment delays the consequences of the financial difficulties of companies. The analysis of the situation in Morocco is...09-09-2015
New features included in MY DSO MANAGER
Details of last release of My DSO Manager, the new debt collection software
Here are the new features recently added to MY DSO MANAGER: They are related to the ergonomy of the tool with the quick search feature, the languages available on dunning documents for statements of accounts and data retrieved with #Hashtags and a facility to add quickly a contact for collection...09-02-2015
Speed up collection of your receivable after the summer with My DSO Manager
September is a crucial month during which getting the cash is critical to your business. Use My DSO Manager now to optimize the effectiveness of your recovery!
September is a key period in the management of debt collection. The business activity restarts at full capacity, soliciting their cash to fund this increase while cash is stretched because of a spike in payment delays due to the summer period. Everyone runs after the payment of its invoices...08-25-2015
Ethics of debt collection
What are the key principles for combining ethics and debt recovery performance?
The perception by the public of a function or a poorly known activity often comes down to a cartoon from a few extreme practices used by a minority of players. Many examples illustrate this reality. This is particularly the case of debt collection, with the difference that the practices that...08-24-2015
New features on MY DSO MANAGER
A company scoring tool and a credit limit set up tools have been added to the application
Here are the new features recently added to MY DSO MANAGER: New companies scoring tool: Credit notation It is based on 12 financial, legal and behavioral criteria. It is customizable and provides with a score as well as a risk category. Learn more New credit limit...07-28-2015
Tutorial on recovery scenarios
Using recovery scenarios is essential to achieve good receivables management performance. How to implement them?
New tutorial on recovery scenarios which are essential tools to optimize the management of the working capital and cash flows of its company. These structured processes also have a strong impact on quality and customer satisfaction. Contrary to what think some sales people, a lax recovery is...07-07-2015
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